What is the advantage of a computer-based transaction processing system
A. Does not require as stringent a set of internal controls
B. Will produce a more accurate set of financial statements
C. Eliminates the need to reconcile control accounts and subsidiary ledgers
D. Will be more efficient at producing financial statements
Answer: Option D
Solution (By Examveda Team)
A computer-based transaction processing system will be more efficient at producing financial statements.This Question Belongs to Computer Fundamentals >> Tally
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